NMIMS Solved Assignment – Quantitative Methods I (MBA Semester 1) | Updated Questions & Expert Help
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About the NMIMS Quantitative Methods I Solved Assignment (Semester 1)
The assignment for Quantitative Methods I is application-based and carries 20 marks. It is designed to test your ability to apply concepts to real-life business scenarios. Students are required to use logical reasoning, mathematical formulas, and analytical thinking to solve the given problems.
Each semester, NMIMS (NCDOE) releases updated questions, and we provide the latest questions here for reference. You can get fully solved answers written by academic experts with 13+ years of experience helping MBA students across India.
Assignment Details
- Course: Quantitative Methods I
- Program: MBA Semester 1
- Applicable For: December 2025 Examination
- Marks: 20
- Institution: NMIMS Centre for Distance and Online Education (NCDOE)
NMIMS Quantitative Methods I – Assignment Questions (Dec 2025)
Q1. (10 Marks)
A telecommunications company is piloting a new internet service and surveys 250 randomly selected customers, finding that 162 express interest in subscribing. The marketing analyst is required to estimate, with 90% confidence, the proportion of the entire customer base likely to be interested in the new service. The analyst must apply the correct estimation approach for proportions and ensure the results are suitable for strategic decision-making. In this scenario, how should the marketing analyst apply the interval estimation formula for proportions to determine the confidence interval for the proportion of customers interested in a new service? Explain your reasoning and the steps involved.
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Q2 (A). (5 Marks)
A financial advisory firm tracks client satisfaction rates for three advisors. Initially, the firm uses prior probabilities based on the number of clients per advisor. After a client reports high satisfaction, the firm wants to update the probability that this client was served by each advisor using Bayes’ theorem. Assess the appropriateness of applying Bayes’ theorem to revise probabilities in a financial advisory firm where new information about client satisfaction becomes available. What factors should the firm consider to ensure the revised probabilities are meaningful and actionable? Critically justify your evaluation.
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Q2 (B). (5 Marks)
A large financial institution is standardizing its risk analysis procedures. Some departments use Excel’s NORM.DIST and NORM.INV functions for normal distribution calculations, while others rely on the traditional z-table. Management is concerned about consistency, accuracy, and the ease of training new analysts. The institution must decide which method to adopt as the standard for all probability calculations. Assess the implications of using Excel’s NORM.DIST and NORM.INV functions versus the traditional z-table for probability calculations in a large financial institution. How should the institution weigh the trade-offs between computational efficiency, accuracy, and interpretability when standardizing probability analysis across departments?
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